A Limit Switch Is Usually Actuated By

question 11

Multiple Choice

A limit switch is usually actuated by:

• A)hand.
• B)pressure.
• C)contact with an object.
• D)an electromagnet.

---

Definitions:

Opportunity Cost

The cost of foregone alternatives; the value of the best alternative that is not chosen in order to pursue a certain action.

Implicit Cost

The opportunity cost associated with a firm's use of resources that it owns, which do not have a direct monetary payment but could generate income if deployed elsewhere.

Option

A financial derivative that gives the holder the right, but not the obligation, to buy or sell an asset at a specified price within a given timeframe.

Rate of Inflation

The percentage increase in the general price level of goods and services in an economy over a period of time.